Americas

CHICAGO: Chicago Board of Trade soybeans fell 1.4 percent to their lowest in nearly five months on Tuesday, weighed down by falling soymeal futures and an expanding harvest in South America that weakened prospects for US exports, traders said.The most actively traded CBOT May soybean contract closed below the low end of its 20-day Bollinger range for the first time since mid-January.Traders also cited expectations for big US soybean plantings this spring as a reason for Tuesday's decline.Soymeal dropped on weakness in the cash market. Dealers said that improving weather around the Midwest during the last few weeks allowed rail operators to clear a backlog caused by icy conditions, cutting demand from end users who had to scramble to meet feeding needs as they awaited train shipments.The front-month soymeal contract hit its lowest since October 6, bottoming out at $317.20 a ton.Soyoil prices sagged to 1.1 percent to a six-week ...

NEW YORK: Cotton on ICE Futures US fell to a six-week low in light volume on Tuesday amid concerns about demand in top-consumer China and a broad selloff in commodities led by crude oil. The front-month May cotton contract on ICE closed down 0.28 cent, or 0.5 percent, at 60.21 cents after falling as low as 60.19 cents, the lowest for the front-month since Feb. 3. The drop came after China's Cotton Association said on ...

NEW YORK/LONDON: New York cocoa futures on ICE fell for the tenth straight session on Tuesday, hitting a six-week low, while the London market also dropped, pressured by weak demand and unusually heavy position rolling that narrowed the premiums of the spot contracts.Arabica coffee futures on ICE turned up a shade on late-day buying after falling on currency pressures, while robusta firmed on higher physical prices in top grower Vietnam. Both arabica and raw sugar ...

CHICAGO: US soybean futures sagged 1.5 percent to their lowest in almost five months on Tuesday, with export demand for US supplies fading amid the expanding harvest in Argentina and Brazil, traders said."The fundamentals are not friendly here; the South American crops are coming in with good yields," Charlie Sernatinger, global head of grain futures at ED&F Man Capital, said in a note to clients."We need a reason to spark some short covering, and I ...

CHICAGO: US soybean futures fell on Monday, hitting their lowest since February 11 on weakness in soymeal and expectations of huge plantings in the coming months, traders said.Some bargain buyers pulled the benchmark Chicago Board of Trade May soybean futures contract off its session lows after prices briefly dipped below the low end of the 20-day Bollinger range.Soymeal futures dropped nearly 1 percent. Dealers on the cash market said they expected supplies will build in ...

NEW YORK/LONDON: Gold fell on Monday, trading just above its lowest level in more than three months, due to stronger European shares and expectations that this week's Federal Reserve meeting could hint at the timing of any hike in US interest rates. Spot gold was down 0.5 percent at $1,153.26 an ounce by 12:29 p.m. EDT (1629 GMT), just above last week's three-month low at $1,147.10. The metal had fallen for nine consecutive sessions up ...

CHICAGO: US wheat futures rose for the sixth time in seven sessions on Monday on concerns about dry conditions in the US Plains hindering growth as the winter wheat crop emerges from dormancy.Corn futures sagged due to pressure from lower-than-expected US export inspections data. Soybeans also dropped as traders anticipated huge US plantings of the oilseed in the coming months.K.C. hard red winter wheat posted the biggest gain, rallying 2.9 percent as forecasts for rain ...